Tata Consultancy Services Announces Salary Hike For Its Employees, Second Time in Six Months

Tata Consultancy Services (TCS) will hand out across-the-board salary increments for 2021-22, becoming the first IT services company to do so for the upcoming fiscal. The salary hike roll-out will benefit nearly 4.7 lakh employees of the company.

The average increment band for offshore employees is expected to be 6-7 per cent as per norms, sources privy to the development told PTI. This would be the second salary hike within six months by TCS. The news comes at a time when the industries are still recovering from Covid induced downturn.

When contacted, a TCS spokesperson confirmed that the company is on track to give increments to all associates across geographies effective April 2021, in line with its benchmarks. ”We are extremely thankful to all our associates for demonstrating resilience, adaptability, and an innovative mindset to steer the company in these trying times. This step is a reflection of our steadfast commitment to our associates,” the spokesperson added.